1. Take Charge of Your Finances Course Introduction Trivia “Take Charge of Your Finances” Advanced Level

2. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona How do you interact with money? Earning – Did you know that working at a job isn’t the only way to earn money? Receiving – Have you ever received a gift from a relative or friend? Saving and Investing – Do you know the difference between saving and investing? Spending – Did you know that spending involves a lot more than handing over money? Giving - Did you know that giving is a part of spending?

3. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Let’s test your money knowledge… Are you up to the challenge?

4. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Trivia Instructions 1.Divide into teams of 3-5 2.Provide each team with a white board and a dry erase marker 3.Have each team create a team name and write it on the board where points are being tallied 4.Choose a team to select a category and point value 5.Read the question and allow all of the teams 10 seconds to write their response

5. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Trivia Instructions 6.Have each team hold their answers up at the same time 7.Award every team who answered the question correctly the money value indicated by the question If the answer is incorrect the money value may be deducted from the total 8.Allow the next team to choose the category and point value 9.Continue until all of the questions have been answered 10.The team with the most money at the end wins

6. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Trivia Board EarningReceiving Saving and Investing SpendingGiving $100 $200 $300 $400 Final Trivia

7. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $100 Answer: Money demanded by a government to support the government itself as well as specific facilities or services.

8. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $100 Question: What are taxes? Return to Game Board

9. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $200 Answer: Products or services provided by an employer that adds extra value for employees beyond wages paid. Examples include health insurance, retirement contributions, and paid sick leave.

10. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $200 Question: What are employee benefits? Return to Game Board

11. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $300 Answer: To pay employees with this method, employers load the funds onto an electronic plastic card that looks similar to a debit or credit card.

12. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $300 Question: What is a payroll card? Return to Game Board

13. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $400 Answer: This form is completed by the employee and determines the amount of federal income taxes that will be withheld from an employee’s paycheck.

14. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 14 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Earning - $400 Question: What is a Form W-4? Return to Game Board

15. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 15 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $100 Answer: An organization that exists for human service, conservation, religious, or other charitable purposes to benefit others rather than to make a profit.

16. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 16 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $100 Question: What is a non-profit organization? Return to Game Board

17. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 17 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $200 Answer: This type of insurance provides money to pay for health care.

18. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 18 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $200 Question: What is health insurance? Return to Game Board

19. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 19 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $300 Answer: This money is paid to an insurance company or organization to purchase an insurance policy. The payments are usually paid monthly, semi-annually, or annually.

20. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 20 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $300 Question: What is a premium? Return to Game Board

21. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 21 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $400 Answer: This type of insurance provides payment to others if an insured person accidently causes harm to other people or property.

22. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 22 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Receiving - $400 Question: What is liability insurance? Return to Game Board

23. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 23 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $100 Answer: This is the minimum amount of money an individual is recommended to have in emergency savings.

24. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 24 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $100 Question: What is a minimum of 6 months of expenses? Return to Game Board

25. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 25 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $200 Answer: This is the price paid for the use of borrowed money.

26. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 26 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $200 Question: What is interest? Return to Game Board

27. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 27 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $300 Answer: The standard amount of money the Federal Deposit Insurance Corporation (FDIC) will restore to a lost account if a depository institution covered by FDIC fails.

28. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 28 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $300 Question: What is $250,000? Return to Game Board

29. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 29 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $400 Answer: If you purchase this you purchase a share of ownership in a corporation.

30. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 30 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Saving & Investing - $400 Question: What is stock? Return to Game Board

31. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 31 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $100 Answer: This is the maximum dollar amount that can be charged to a credit card.

32. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 32 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $100 Question: What is the credit limit? Return to Game Board

33. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 33 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $200 Answer: A longer loan period will result in the monthly payments of the loan being _____.

34. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 34 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $200 Question: What is lower? Return to Game Board

35. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 35 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $300 Answer: This may be used to determine if a person is granted credit, offered a job, or able to rent an apartment.

36. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 36 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $300 Question: What is credit history? Return to Game Board

37. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 37 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $400 Answer: The amount of time you have to report your debit/ATM card lost/stolen in order to be liable for only $50.00 in fraudulent charges.

38. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 38 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Spending - $400 Question: What is two days? Return to Game Board

39. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 39 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $100 Answer: This is a group of people working together for a common good.

40. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 40 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $100 Question: What is a community? Return to Game Board

41. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 41 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $200 Answer: This is a legal document that outlines a person’s wishes after death, including who they wish to receive their assets.

42. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 42 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $200 Question: What is a will? Return to Game Board

43. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 43 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $300 Answer: When a product or service is provided rather than cash.

44. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 44 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $300 Question: What is in-kind income? Return to Game Board

45. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 45 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $400 Answer: This planning includes the arrangement of one’s financial affairs to maximize the value transferred at death.

46. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 46 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Giving - $400 Question: What is estate planning? Return to Game Board

47. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 47 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Final Trivia

48. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 48 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Final Trivia Answer: This is a document that records both planned and actual income and expenses over a period of time.

49. 1.11.1.G2 © Family Economics & Financial Education –May 2012– Take Charge of Your Finances Course Introduction – Slide 49 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona Final Trivia Question: What is a spending plan?